Tals Q2 net profit in fiscal year 2021 was US $15 million, and its share price fell by more than 11percent

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 Tals Q2 net profit in fiscal year 2021 was US $15 million, and its share price fell by more than 11percent


Although tal turned from loss to profit in the second quarter, the company still had an operating loss of $49.1 million, compared with an operating profit of $60.8 million in the same period last year.

Tals Q2 net income increased by 20.8% year-on-year to $1103.3 million from $912.2 million in the same period last year. The operating loss was 49.1 million US dollars and the operating profit was 60.8 million US dollars in the same period of last year. The net profit attributable to tal was US $15 million, while the net loss attributable to tal was US $23.5 million in the same period of the previous year.

As of August 31, 2020, the total balance of cash, cash equivalents and short-term investment is US $2786.9 million, and the balance as of February 29, 2020 is $22193 million. In addition, tals financial report also showed that the total number of students (long-term regular courses) increased from about 3413120 in the same period of last year to about 5632210 in this quarter, up 65.0% year-on-year. The financial explanation was attributed to the summer peak season of online tutoring courses under the epidemic situation. As of August 31, 2020, tal has 936 teaching centers in 91 cities, more than 871 teaching centers in 70 cities as of February 29, 2020. As of October 22, the shares of Tal fell 11.45% to $66.34, and the companys market value fell below $40 billion. (Yi orange) source of this article: Qiao JunJing, editor in charge of Netease science and Technology Report_ NBJ11279

As of August 31, 2020, the total balance of cash, cash equivalents and short-term investment was $2786.9 million, and the balance as at february29,2020 was $22193 million.

In addition, tals financial report also showed that the total number of students (long-term regular courses) increased from about 3413120 in the same period of last year to about 5632210 in this quarter, up 65.0% year-on-year. The financial explanation was attributed to the summer peak season of online tutoring courses under the epidemic situation.

As of August 31, 2020, tal has 936 teaching centers in 91 cities, more than 871 teaching centers in 70 cities as of February 29, 2020.

As of October 22, the shares of Tal fell 11.45% to $66.34, and the companys market value fell below $40 billion. (an orange)